Ask Question
BusinessBusiness
29 March, 00:39

What is the main difference between the account form and the report form of the balance sheet?

+5
Answers (1)
  1. 29 March, 01:05
    0
    The account form has two columns, set side by side. The left column lists the company's assets. The final line on the left side of the sheet provides the total value of all assets. The column on the right lists both liabilities and equity, with liabilities coming first.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is the main difference between the account form and the report form of the balance sheet? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Dean ate ice cream for the first time yesterday. all day today, he has been asking for ice cream. this would be an example of
Answers (1)
What causes markdowns
Answers (1)
Which of the following is NOT an internal factor of decision making? a. ethics b. emotions c. peer pressure d. attitude
Answers (1)
A company excludes from the current assets section, the amount of cash restricted for purposes other than payment of current obligations or for use in current operations. 1. True 2.
Answers (1)
Benchmarking is a process
Answers (1)
New Questions in Business
Sally is fixing powerlines that were damaged during a storm. In which career pathway is she most likely working?
Answers (2)
Which OAuth URL parameter can be used to retain the originally requested page so that a user can be redirected correctly after OAuth authorization? A.
Answers (1)
Mr. Etemadi has prepared the following list of statements about service companies and merchandisers. Identify each statement as true or false: 1. Measuring net income for a merchandiser is conceptually the same as for a service company. 2.
Answers (1)
Sunland Company has the following account balances at year end:Office supplies $ 3800Raw materials 27500Work-in-process 59500Finished goods 97500Prepaid insurance 5400What amount should Sunland report as inventories in its balance sheet?1. $188300.2.
Answers (1)
Under the UCC Secured Transactions Article, which of the following actions will best perfect a security interest in a negotiable instrument against any other party?
Answers (1)
Home » Business » What is the main difference between the account form and the report form of the balance sheet?
Sign Up Forgot Password?